Electrosurgical Devices Market Overview

Electrosurgical Devices Market Overview

The global Electrosurgical Devices Market size was valued at USD XYZ million in 2023 and is predicted to reach USD XYZ million by 2030 with a CAGR of XX% from 2024-2030. Electrosurgical devices or electrosurgical units comprises a wide range of appliances and software used for diagnosing and treating medical conditions. 

With the help of controlled electrical energy, these surgical energy devices enable healthcare providers to perform complex procedures efficiently. These devices are precise and dynamic and play an important role in advancing surgical care globally, offering minimally invasive techniques that reduce trauma, accelerate recovery, and enhance patient safety through disposable options and safety features. The industry is seeing a shift towards minimally invasive procedures and the integration of advanced technologies such as robotics and artificial intelligence, that are set to redefine healthcare delivery and patient outcomes.

Market Dynamics and Trends

The global increase in chronic diseases significantly fuels the electrosurgical devices market growth, as these conditions often require surgical interventions, thereby boosting the demand for advanced surgical tools known for their precision and efficiency in handling such complex procedures. 

According to recent report published by World Heart Federation, Cardiovascular diseases (CVDs) are the leading cause of death globally, taking an estimated 17.9 million lives each year. For lowering this staggering mortality rate there is a heightened demand for electrosurgical units to enhance patient outcomes significantly.

Moreover, the growing number of cosmetic surgeries worldwide drives the electrosurgical devices market demand to offer precision, minimal invasiveness and improve patient outcomes. International Society of Aesthetic Plastic Surgery states that about 15 million cosmetic procedures were performed worldwide in 2022. Such rapid expansion in cosmetic surgeries drives the demand for advanced tools such as electrosurgical units to efficiently look over the surgical procedures.

Furthermore, the growing elderly population who are more likely to develop age-related health issues that requires surgical interventions further drives the demand for advanced surgical equipment including electrosurgical accessories. According to recent report published by the World Economic Forum, the number of persons aged 65 and older is expected to double over the next three decades, reaching 1.6 billion in 2050. Such demographic shift results in a notable surge in demand for secure and effective surgical procedures customized to meet the unique requirements of the aging population.

However, high expenses associated with purchasing and maintaining electrocautery devices especially in healthcare settings with limited resources, is restraining the electrosurgical devices market expansion. On the contrary, integration of electrosurgical devices with modern technologies such as robotic and sensor integration is anticipated to create ample growth of the market in forthcoming years. These advancements enable precise movement of electrosurgical units and real-time tissue feedback ensuring optimized energy delivery by enhancing surgical precision and safety.

Market Segmentations and Scope of the Study

The electrosurgical devices market report is segmented on the basis of product, application, end-user, and region. On the basis of product, the market is divided into electrosurgical generators, active electrodes, electrosurgical instruments, and accessories. Based on application, the market is categorised into neurosurgery, gynaecology surgery, cardiovascular surgery, cosmetic surgery, general surgery, orthopaedic surgery, and others. On the basis of end-user, the market is divided into hospitals, ambulatory surgical centres, specialty clinics, veterinary clinics, and research institutes. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and Rest of the World (Row).

Geographical Analysis

North American region dominates the electrosurgical devices market share during the forecast period, due to substantial growth in healthcare spending. Increasing medical spending enables healthcare sector to adopt advanced surgical equipment and infrastructure, driving demand for innovative medical devices such as electrosurgical devices. American Medical Association states that, the U.S. spent USD 4464.6 billion on health care in 2022. Such high investment drives the of electrosurgical sector growth to enhance surgical procedures with ease.

Moreover, the growing cosmetic infrastructure in the region, particularly in the U.S. and Canada, demands advanced systems that delivers precise and effective cosmetic surgeries. American Society of Plastic Surgeons states that about 1.6 million number of aesthetic surgeries were performed in U.S in 2022. With such rise in cosmetic procedures, electrosurgical devices play a crucial role in such procedures contributing to the growth of the market.

On the other hand, Asia-Pacific is expected to witness a steady rise in the electrosurgical devices market trends during the forecast period, due to increasing prevalence of chronic diseases, such as cardiovascular diseases, cancer, and diabetes. According to the latest report published by the National Institutes of Health, in China, an estimated 330 million individuals live with cardiovascular disease (CVD), comprising 11.39 million with coronary heart disease and 5 million affected by pulmonary heart disease. Such rise in chronic diseases underscore the pressing need for advanced medical interventions, and necessitates electrosurgical units in addressing the escalating healthcare demands of the region.

Moreover, the increase in aging population in this region creates demand for electrosurgical devices, as these advanced systems help in surgical interventions of age-related illness with proper efficiency. According to recent report published by World Health Organization, China is experiencing one of the most rapid increase in its aging population globally, with the percentage of individuals aged over 60 expected to reach 28% by 2040. With such surge in aging population there is an associated increase in the prevalence of age-related health conditions and the demand for surgical interventions.

Competitive Landscape

Various market players operating in the electrosurgical devices industry includes Erbe Elektromedizin GmbH, Olympus Corporation, Boston Scientific Corporation, Olympus Corporation, Johnson & Johnson, Bovie Medical Corporation, Smith & Nephew Plc., Medtronic Plc., B. Braun Melsungen AG, CONMED Corporation and others. These companies are adopting various strategies such as product launches to remain dominant in the market.  

For instance, in September 2023 Erbe Elektromedizin GmbH launched resection solution featuring state-of-the-art imaging systems and innovative resectoscopes, complemented by the highCUT bipolar cutting mode of electrosurgical unit. The product with Compact camera head and ergonomic resectoscopes facilitates accurate cuts in minimally invasive surgeries and improve tissue visibility for better patient results.

Moreover, in June 2023, Olympus Corporation launched ESG-410 Electrosurgical Generator. It features advanced technology, including larger capacitors for enhanced plasma stability during surgical procedures. This high-frequency generator facilitates precise tissue cutting and coagulation in diverse surgical settings, including open, laparoscopic, and endoscopic surgeries.

Key Benefits

• market from 2024 to 2030, which assists in identifying the prevailing industry opportunities.

• The study comprises a deep-dive analysis of the current and future electrosurgical devices market trends to depict prevalent investment pockets in the industry.

• Information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Electrosurgical Devices Market Key Segments

By Product

• Electrosurgical Generators

• Active Electrodes

• Electrosurgical Instruments

• Accessories

By Application

• Neurosurgery

• Gynaecology Surgery

• Cardiovascular Surgery

• Cosmetic Surgery

• General Surgery

• Orthopaedic Surgery 

• Others

By End User

• Hospitals

• Ambulatory Surgical Centres

• Specialty Clinics

• Veterinary Clinics 

• Research Institutes

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The U.K.

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific 

• Rest of the World (RoW)

  • Latin America

  • Middle East 

  • Africa

Key Players

• Erbe Elektromedizin GmbH

• Olympus Corporation

• Boston Scientific Corporation

• Olympus Corporation

• Johnson & Johnson

• Bovie Medical Corporation

• Smith & Nephew Plc.

• Medtronic Plc.

• B. Braun Melsungen AG

• CONMED Corporation

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